While doing this, save at least 10% of your paycheck to have as a down payment.

Arrange to pay them a reasonable down payment and monthly payments.2.

The short term and balloon payments that seem to come with hard money are pretty intimidating.

Refinance was $110k, no down payments and rolled in closing cost into new loan.

I love that the rate is fixed for 10 years, but the PPP is only 3 - best of both worlds, if you are that Texan: if rates go up, you're protected for a decade, but if rates go down you can refi penalty-free after only 3 years.Credit Union - This is a Washington State credit union, coming in strong with that 30 year amortization producing a lower payment.

I trust you wrote it with sincerity, but take a step back and reflect on the question that you are asking.

Put a larger down payment 

They may be able to finance you at a low down payment if you have experience, reserves, and FICO as long as the 65% of the value can support the entire purchase price 

Here is what is being considered:SCENARIO 1):1) Parents loan us money at X% rate.2) Loan terms would allow for early payment without penalty (we would get a conventional loan in 2-5 years to pay parents back).

If that's the case is the best hope a 10/15 year loan with 30 year amortization with balloon payment due?